Guar gum futures gain on positive demand
May 27, 2020, 14:34 IST
New Delhi, May 27 () Guar gum prices on Wednesday gained Rs 44 to Rs 5,323 per five quintal in futures trade as speculators increased their holdings on spot demand.
On the National Commodity and Derivatives Exchange, guar gum contracts for June delivery traded higher 0.83 per cent, or Rs 44, to Rs 5,323 per five quintal with an open interest of 28,790 lots.
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Likewise, the contracts for delivery in July rose by Rs 36, or 0.68 per cent, to Rs 5,365 per five quintal as open interest stood at 13,435 lots.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices. SRS SHW SHW(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)